An Act relating to permanent fund dividend raffles; creating the senior citizen grants endowment fund and t...
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SB 240 — An Act relating to permanent fund dividend raffles; creating the senior citizen grants endowment fund and the senior citizen grants dividend raffle fund; authorizing donations from permanent fund dividends for grants to organizations that provide support for senior citizens and for entry into the senior citizen grants dividend raffle; relating to transfers from the senior citizen grants endowment fund and the senior citizen grants dividend raffle fund; relating to the duties of the Department of Revenue; and relating to the definition of 'gambling.'
Last action — (S) Heard & Held
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill is in committee in the Senate. Introduced February 11, 2026. It must pass committee before a floor vote.
Next likely step: a committee vote, then a floor vote in the Senate.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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In Committee
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
- SB 240 View text Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill creates a senior citizen grants endowment fund and modifies regulations related to the permanent fund dividend and related raffles.
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AS 11.66.280(3)
a [THE] permanent fund dividend raffle authorized under AS 43.23.230 or 43.23.238;→ a permanent fund dividend raffle authorized under AS 43.23.230 or 43.23.238;The definition of 'gambling' now clarifies that the permanent fund dividend raffle is included.
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AS 43.23.055
The department shall establish a senior citizen grants endowment fund and a senior citizen grants dividend raffle fund;
The bill mandates the establishment of new funds dedicated to senior citizen grants and related raffles.
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AS 43.23.230(a)
education [PERMANENT FUND] dividend raffle→ education dividend raffleThe terminology for the educational raffle is streamlined by removing the 'permanent fund' descriptor.
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AS 43.23.230(b)
educational purposes and to enter the education [PERMANENT FUND] dividend raffle as provided in (d) [(c)] of this section.→ educational purposes and to enter the education dividend raffle as provided in (d) of this section.The language clarifies the application process for educational donations without referencing 'permanent fund'.
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AS 43.23.230(c)
The legislature shall appropriate 25 percent to the senior citizen grants endowment fund;
A new allocation directing funds to the senior citizen grants endowment fund is established.
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AS 43.23.230(c)
The legislature shall appropriate the remaining 50 percent of the donations received under (b) of this section to the Department of Health for distribution as grants to organizations that provide support for senior citizens.
This mandates the allocation of funds from donations specifically for support of senior citizens.
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AS 43.23.260
The Department of Revenue shall authorize donations from permanent fund dividends for grants to organizations that provide support for senior citizens.
It allows the use of permanent fund dividends for supporting organizations serving senior citizens.
Action History
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(S) Heard & Held
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(S) HEALTH & SOCIAL SERVICES at 03:30 PM BUTROVICH 205
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(S) REFERRED TO HEALTH & SOCIAL SERVICES
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(S) HSS, FIN
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(S) READ THE FIRST TIME - REFERRALS
Sponsors
- Senate State Affairs · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 64 not signed on
Sponsors (1)
- Senate State Affairs
Co-sponsors (0)
None.
Not signed on (64)
64 members have not signed on to this bill.
Show all 64 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors SB 240?
- SB 240 is sponsored by Senate State Affairs.
- What is the current status of SB 240?
- This bill is in committee in the Senate. Introduced February 11, 2026. It must pass committee before a floor vote.
- Where can I track SB 240?
- Track SB 240 free on One Click Politics — get push/email alerts when it moves.
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